Inflection Point Ventures and Antler led the pre-Series A round of sustainable investment platform SustVest, which raised $1.7 million in a mix of debt and equity. WEH Ventures, Venture Catalysts, Soonicorn Ventures, FAAD Network, and other investors also participated.
The money raised will go toward important business expansion plans, such as purchasing solar projects, expanding marketing through the launch of the regulated platform, fortifying operations, and paying legal fees.
SustVest, which was founded by Devansh Shah and Hardik Bhatia, focuses on sustainable investments in renewable energy. According to the platform, 9.3 MW of solar installations have increased Assets Under Management (AUM) by over Rs 43 crore, generated over Rs 5.7 crore in energy revenue, and reduced carbon emissions by over 94 lakh kg.
In addition to providing C&I customers with access to free solar projects at up to 50% reduced tariffs, the startup claims to provide investors with fixed-income options that have an environmental impact. Prominent customers like Lodha Group, Hitachi, Mahle Group, Subros Ltd, CISF, NSG, CRPF, and others are represented in its portfolio.
